Whirlpool Corporation (WHR) Shares Sold by Stoneridge Investment Partners LLC
Stoneridge Investment Partners LLC decreased its stake in shares of Whirlpool Corporation (NYSE:WHR) by 51.4% during the second quarter, Holdings Channel reports. The fund owned 16,296 shares of the company’s stock after selling 17,210 shares during the period. Stoneridge Investment Partners LLC’s holdings in Whirlpool Corporation were worth $3,123,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Whirlpool Corporation by 2.4% in the first quarter. Vanguard Group Inc. now owns 7,290,778 shares of the company’s stock valued at $1,249,128,000 after buying an additional 170,267 shares during the last quarter. BlackRock Inc. boosted its position in Whirlpool Corporation by 3,484.6% in the first quarter. BlackRock Inc. now owns 4,983,869 shares of the company’s stock valued at $853,885,000 after buying an additional 4,844,832 shares during the last quarter. State Street Corp boosted its position in Whirlpool Corporation by 1.7% in the first quarter. State Street Corp now owns 3,611,514 shares of the company’s stock valued at $618,757,000 after buying an additional 60,274 shares during the last quarter. Greenhaven Associates Inc. boosted its position in Whirlpool Corporation by 1.9% in the first quarter. Greenhaven Associates Inc. now owns 2,719,870 shares of the company’s stock valued at $465,995,000 after buying an additional 51,255 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its position in Whirlpool Corporation by 3.3% in the first quarter. OppenheimerFunds Inc. now owns 1,925,455 shares of the company’s stock valued at $329,889,000 after buying an additional 61,803 shares during the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.
Whirlpool Corporation (NYSE WHR) opened at 175.05 on Thursday. The company’s 50-day moving average is $187.65 and its 200 day moving average is $181.14. Whirlpool Corporation has a 1-year low of $145.91 and a 1-year high of $202.99. The firm has a market capitalization of $12.77 billion, a PE ratio of 17.52 and a beta of 1.79.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.54 by $0.19. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same period in the prior year, the business earned $3.50 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities analysts expect that Whirlpool Corporation will post $14.63 EPS for the current fiscal year.
Whirlpool Corporation announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, July 26th that allows the company to buyback $2.35 billion in shares. This buyback authorization allows the company to buy up to 16.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
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WHR has been the subject of several research analyst reports. BidaskClub cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Credit Suisse Group initiated coverage on shares of Whirlpool Corporation in a research note on Thursday, June 22nd. They set a “neutral” rating and a $208.00 target price for the company. Royal Bank Of Canada reiterated a “buy” rating and set a $216.00 target price on shares of Whirlpool Corporation in a research note on Friday, June 2nd. Finally, Zacks Investment Research cut shares of Whirlpool Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 19th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Whirlpool Corporation has an average rating of “Hold” and an average price target of $194.71.
In other Whirlpool Corporation news, Director William D. Perez purchased 1,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was acquired at an average price of $176.93 per share, with a total value of $176,930.00. Following the acquisition, the director now directly owns 7,239 shares of the company’s stock, valued at approximately $1,280,796.27. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.69% of the company’s stock.
About Whirlpool Corporation
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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